1 Wall Street Analyst Thinks Microsoft Stock Is Going to $465. Is It a Buy?
Solid quarterly results, high profitability, and significant involvement in artificial intelligence (AI) technology have powered 's (NASDAQ: MSFT) stock to all-time highs in 2024. That's saying something for a company that's been trading for decades.
If some analysts are to be believed, there's more growth in store, and one analyst recently reiterated his bullish take on the company. But is that view realistic?
In mid-May, Piper Sandler's Brent Bracelin published a new research note on Microsoft in which he justified his existing overweight (read: buy) recommendation and $465 per-share price target. Bracelin's update comes on the heels of meetings with executives in Microsoft's security unit. The analyst wrote that following these meetings, he realized the strength of this somewhat unheralded business for the company.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 101 Buy predictions and 2 Sell predictions.
With a target price of 411 € there is a slightly positive potential of 7.38% for Microsoft Corp. compared to the current price of 382.75 €.
